World Kinect (WKC) 8-K World Fuel Services Corporation Reports Record

Exhibit 99.1

NEWS RELEASE for March 16, 2006

Contact:	Allen & Caron Inc	World Fuel Services Corporation
	Michael Mason (Investors)	Robert S. Tocci, CFO & EVP
	michaelm@allencaron.com	btocci@wfscorp.com
	(212) 691-8087	(305) 428-8000
	or
	Len Hall (Media)
	len@allencaron.com
	(949) 474-4300

WORLD FUEL SERVICES CORPORATION REPORTS RECORD

EARNINGS FOR 2005, UP 39% FROM 2004

MIAMI (March 16, 2006) … World Fuel Services Corporation (NYSE:INT) (the “Company”), a global leader in the marketing and financing of marine and aviation fuel products and related services, today reported that net income for the fourth quarter ended December 31, 2005 was $12.0 million, or $0.42 per diluted share, compared to $11.2 million, or $0.47 per diluted share, for the same quarter in the prior year. For the year ended December 31, 2005, the Company reported a 39% increase in net income to $39.6 million, or $1.57 per diluted share, from $28.6 million, or $1.22 per diluted share, for the same period in the prior year.

During December 2005, the Company elected to repatriate $40.0 million in foreign earnings in order to take advantage of the special taxing provisions, available only through the end of 2005, contained in the American Jobs Creation Act of 2004. Under the special taxing provisions, only 15% of foreign earnings repatriated were subject to U.S. tax. The repatriation increased our tax expense for the year ended December 31, 2005 by $2.8 million, or $0.11 per diluted share, and increased our effective tax rate by approximately 5.1%.

“We are very pleased to report record results for the year”, said Paul Stebbins, Chairman and Chief Executive Officer. “Our global team has done an outstanding job and provided an excellent platform for 2006.”

FOURTH QUARTER AND YEAR END FINANCIAL HIGHLIGHTS

($ in thousands, except per share data)

	Quarter Ended December 31,				Year Ended December 31,
	2005		2004		2005		2004
Revenue	$	2,534,255	$	1,790,847	$	8,733,947	$	5,654,373
Income From Operations	$	19,739	$	14,825	$	56,620	$	37,972
Net Income	$	11,970	$	11,221	$	39,609	$	28,559
Diluted earnings per share	$	0.42	$	0.47	$	1.57	$	1.22

- CONTINUED -

WORLD FUEL SERVICES CORPORATION REPORTS RECORD EARNINGS FOR 2005, UP 39% FROM 2004

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About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services Corporation is a global leader in the marketing and sale of marine and aviation fuel products and related services. World Fuel Services provides fuel and related services at more than 2,500 airports and seaports worldwide. With 43 offices strategically located throughout the world, World Fuel Services offers its customers a value-added outsource service for the supply, quality control, logistical support and price risk management of marine and aviation fuel.

The Company’s global team of market makers provides deep domain expertise in all aspects of marine and aviation fuel management. World Fuel Services’ marine customers include international container and tanker fleets and time-charter operators, as well as the United States and foreign governments. The Company’s aviation customers include commercial airlines, cargo carriers and corporate clientele, as well as the United States and foreign governments. For more information, call (305) 428-8000 or visitwww.wfscorp.com.

Forward-Looking Statements

With the exception of historical information in this news release, this document includes forward-looking statements that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, fluctuations in world oil prices or foreign currency, material disruptions in the availability or supply of fuel, adverse conditions in the shipping and aviation industries, major changes in political, economic, regulatory, or environmental conditions, the impact of natural disasters, the loss of key customers, suppliers or key members of senior management, uninsured losses, changes in United States and foreign laws, competition, credit risk associated with accounts and notes receivable, financial risks associated with our business and our price risk management services, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ materially from any forward-looking statements set forth herein.

TABLES FOLLOW

WORLD FUEL SERVICES CORPORATION REPORTS RECORD EARNINGS FOR 2005, UP 39% FROM 2004

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(IN THOUSANDS, EXCEPT PER SHARE DATA)

	For the Three Months Ended December 31,						For the Year Ended December 31,
	2005			2004			2005			2004
	(Unaudited)			(Unaudited)
Revenue	$	2,534,255		$	1,790,847		$	8,733,947		$	5,654,373
Cost of sales		2,478,401			1,747,599			8,555,283			5,524,417
Gross profit		55,854			43,248			178,664			129,956
Operating expenses:
Compensation and employee benefits		20,947			18,331			74,030			58,634
Provision for bad debts		2,072			1,527			8,644			4,338
General and administrative		13,096			8,565			39,370			29,012
		36,115			28,423			122,044			91,984
Income from operations		19,739			14,825			56,620			37,972
Other income (expense), net		391			(221	)		(792	)		(2,138	)
Income before income taxes		20,130			14,604			55,828			35,834
Provision for income taxes		7,886			3,328			15,475			6,969
		12,244			11,276			40,353			28,865
Minority interest in income of consolidated subsidiaries		(274	)		(55	)		(744	)		(306	)
Net income	$	11,970		$	11,221		$	39,609		$	28,559
Basic earnings per share	$	0.44		$	0.50		$	1.67		$	1.29
Basic weighted average shares		26,938			22,368			23,700			22,104
Diluted earnings per share	$	0.42		$	0.47		$	1.57		$	1.22
Diluted weighted average shares		28,428			23,668			25,214			23,454

Continued

WORLD FUEL SERVICES CORPORATION REPORTS RECORD EARNINGS, UP 39% FROM 2004

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(IN THOUSANDS)

	As of December 31, 2005		As of December 31, 2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	133,284	$	64,178
Short-term investments		10,000		—
Accounts and notes receivable, net		688,129		490,780
Inventories		35,802		40,901
Prepaid fuel and expenses		81,095		52,209
Total current assets		948,310		648,068
PROPERTY AND EQUIPMENT, NET		11,579		7,092
OTHER ASSETS		54,112		57,011
	$	1,014,001	$	712,171
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Short-term debt	$	737	$	1,100
Accounts payable		534,064		385,243
Customer deposits		23,776		36,476
Accrued expenses		76,979		44,166
Total current liabilities		635,556		466,985
LONG-TERM LIABILITIES		25,098		56,683
STOCKHOLDERS’ EQUITY		353,347		188,503
	$	1,014,001	$	712,171

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